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27 March Innovation. What is Innovation? Conversion of knowledge and ideas into a benefit May be for profit or social change New or improved Products,

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Presentation on theme: "27 March Innovation. What is Innovation? Conversion of knowledge and ideas into a benefit May be for profit or social change New or improved Products,"— Presentation transcript:

1 27 March Innovation

2 What is Innovation? Conversion of knowledge and ideas into a benefit May be for profit or social change New or improved Products, processes or services

3 Improvements vs. New Ground Exercise: Write down the 3 most important innovations to your life today Were they groundbreaking? If not, what were they built on?

4 Invention vs. Innovation Schrage article Which is commercially important? Which do we remember?

5 Who Innovates? Business Week’s Great Innovators Kemmons Wilson, Holiday Inn Soichiro Honda MinuteClinics Freelancers Union

6 Innovator’s Dilemma Can you trust your customers? How do you get into a new business? Innovation vs. Optimization S-Curves

7 Nurturing Innovation How do you nurture innovation? Who can do it? Who has been successful? 3M Masking tape (video at 2:45)video Seven Pillars US Patent System

8 Innovation in Cyberspace Why is it different? What have been the keys? What have been the deterrents? Copyright Patents: VonageVonage


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